The joint margin model of Coin Security Contract will support TUSD and USDP
On March 16th, according to an official announcement, from 16:00 (Eastern Eighth Zone Time) on March 20th, the Coin Security Contract joint margin model will support TUSD and USDP as joint margin assets, and adjust the maximum transferable amounts of ADA, DOT, and SOL in the joint margin model to zero.
Interpretation of this information:
The message is a notification from the Coin Security Contract regarding their joint margin model. Joint margin models are financial instruments that allow investors to borrow funds from a brokerage or exchange in order to invest in a certain asset. In this case, the Coin Security Contract is informing its users that they will now support TUSD and USDP as joint margin assets within their platform. TUSD is a stablecoin pegged to the US dollar, while USDP is a stablecoin pegged to the Chinese yuan. Both these stablecoins offer a hedge against price volatility, making them popular options for investors who want to limit their exposure to market fluctuations.
Additionally, the statement also mentions that there will be adjustments made to the maximum transferable amounts of ADA, DOT, and SOL in the joint margin model. ADA, DOT, and SOL are all cryptocurrencies that are popular among investors, especially since they have shown significant growth over the past few months. However, it seems that Coin Security Contract is currently trying to mitigate risk by reducing the maximum transferable amounts of these three cryptocurrencies to zero.
Overall, this announcement indicates that Coin Security Contract is taking steps to ensure that their platform is more stable and secure for users. By adding stablecoins as joint margin assets, they are giving users more options to diversify their portfolios and reducing the risk of exposure to market fluctuations. Additionally, by limiting the transferable amounts of certain cryptocurrencies, the platform is showing a commitment to risk management and responsible trading practices.
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